DZT(SH:900903)2019-04-29 16:00Financial Performance - Operating revenue decreased by 11.05% to CNY 697.54 million year-on-year[7] - Net profit attributable to shareholders increased by 189.05% to CNY 450.99 million compared to the same period last year[7] - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, down 65.27% to CNY 50.03 million[7] - Total operating revenue for Q1 2019 was ¥729,469,529.96, a decrease of 10.2% from ¥812,805,921.03 in Q1 2018[32] - Net profit for Q1 2019 reached ¥476,942,585.06, up 186.6% from ¥166,702,282.15 in Q1 2018[33] - Operating profit for Q1 2019 was ¥631,616,755.72, an increase of 172.5% compared to ¥232,060,282.80 in Q1 2018[33] - The total profit for Q1 2019 was ¥439,385,807.03, compared to ¥36,702,264.54 in Q1 2018, marking an increase of 1,196.5%[36] Cash Flow - Net cash flow from operating activities was negative at CNY -942.93 million, a decrease of 953.39% year-on-year[7] - Investment activities generated a net cash flow of ¥391,078,023.45, indicating an increase in cash recovered from financial asset disposals[18] - The net cash flow from financing activities increased by 184.91% to ¥265,708,301.46, attributed to an increase in bank borrowings[18] - Operating cash flow for Q1 2019 was negative at -¥942,931,867.58, a decline from a positive cash flow of ¥110,492,852.07 in Q1 2018[40] - Cash inflow from investment activities reached CNY 1,339,923,502.45, significantly up from CNY 177,080,810.60 in Q1 2018[43] - Net cash flow from investment activities was CNY 48,663,511.45, recovering from a negative CNY 7,827,730.31 in Q1 2018[43] - Cash inflow from financing activities totaled CNY 1,140,000,000.00, slightly down from CNY 1,190,000,000.00 in Q1 2018[44] Assets and Liabilities - Total assets increased by 7.48% to CNY 16.67 billion compared to the end of the previous year[7] - Total liabilities reached ¥6.77 billion, compared to ¥6.34 billion previously, showing an increase of approximately 6.77%[25] - Current assets totaled ¥10.05 billion, up from ¥7.31 billion at the end of 2018, indicating a significant increase of about 37.24%[24] - The company's equity attributable to shareholders was ¥9.34 billion, up from ¥8.63 billion, representing a growth of approximately 8.21%[25] - The total assets of the company reached ¥13,110,484,684.12 in Q1 2019, up from ¥12,361,831,260.10 in Q1 2018, indicating a growth of 6.0%[30] - The total liabilities increased to ¥4,384,206,478.99 in Q1 2019 from ¥4,212,758,256.02 in Q1 2018, reflecting a growth of 4.1%[30] Shareholder Information - The total number of shareholders reached 152,989 by the end of the reporting period[11] - The largest shareholder, Shanghai Dazhong Public Utilities (Group) Co., Ltd., holds 20.01% of the shares[11] Earnings Per Share - Basic and diluted earnings per share rose by 189.05% to CNY 0.190764[7] - Basic and diluted earnings per share for Q1 2019 were both ¥0.190764, significantly higher than ¥0.065997 in Q1 2018[34] Non-Recurring Items - Non-recurring gains and losses totaled CNY 400.96 million for the period[10] - The company reported a significant increase in investment income, with ¥433,622,470.30 in Q1 2019 compared to ¥61,814,728.85 in Q1 2018, an increase of 600.5%[36] Tax and Expenses - The company reported a significant increase in income tax expenses by 142.29% to ¥155,042,274.69, correlating with the increase in total profit[17] - The company experienced a 31.73% rise in sales expenses, totaling ¥12,520,989.33, due to increased marketing efforts[17] Changes in Financial Standards - The company implemented new financial and revenue recognition standards, impacting the financial statements starting from January 1, 2019[45] - The company implemented new financial instrument standards effective January 1, 2019, impacting retained earnings and other comprehensive income[49]